Google looking to invest in Lyft?

Friday, 15 September 2017 14:18
Written by Jason

The rumor of the week is that Google is looking at making an investment into Lyft and that investment could be in the $1 billion dollar range. Lyft of course has been #2 to Uber, however, Uber has had some missteps and Lyft could just be the one to gain some ground or even potentially pass them. TechCrunch has the story.

It’s about as good a timing as any for Lyft to capitalize on the tidal wave of negative publicity that Uber is facing right now, and it looks like it might end up with a significant investment from Alphabet in the middle of that train wreck, according to a report by Axios.

That’s not to say that this is directly related to Uber, which has a new CEO and is trying to move on from the disaster of the past few months. Still, Alphabet appears to be discussing a $1 billion investment in Lyft in an effort led by CEO Larry Page, according to the report. Lyft last raised $600 million at a $7.5 billion valuation in April.